Lending

Lending (1519)

CFPB Swaps Debt-to-Income Limit for Price-Based Approach

The Consumer Financial Protection Bureau has issued two proposed rules that would extend its qualified mortgage patch and replace a current debt-to-income limit for borrowers with a price-based approach. So reports Realtor.com. Read more...

Mortgage Forbearances Swell After Three Weeks of Declines

The number of mortgage borrowers postponing their monthly payments due to the coronavirus has climbed again after falling for three consecutive weeks. So reports TheStreet.com. Read more...

Home Purchase Mortgage Applications Slip, But Stay Strong

Homebuyer mortgage demand has declined modestly after five consecutive weeks of gains. So reports CNBC. Read more...

Mortgage Rates Drift as 30-Year Sits at Historic Low

U.S. mortgage rates have remained flat, with the 30-year rate still at an all-time low. So reports MarketWatch. Read more...

Delinquencies Rise 20% in May, But Increases May Be Cresting: Black Knight

Black Knight has released its First Look at May mortgage performance data. Read more...

Low Mortgage Rates Fuel Rebound in Housing Market Potential: First American

"Record low mortgage rates are proving to be a powerful motivator and benefit for home buyers in an otherwise challenging time," says Mark Fleming, Chief Economist at First American. Read more...

Feds Extend Foreclosure Moratorium to End of August

Homeowners and renters who can’t pay their bills because of the COVID-19 crisis now have another two months to get their finances back on track. So reports USA Today. Read more...

Fannie Mae, Freddie Mac Hire Financial Advisors in Exit Plan

Fannie Mae has hired Morgan Stanley and Freddie Mac has hired J.P. Morgan Chase to advise the mortgage giants en route to their planned exits from federal conservatorship. So reports the Commercial Observer. Read more...

Purchase Mortgage Applications Surge to 11-Year High

Mortgage applications to buy a home have climbed to their highest volume in more than 11 years, according to data from the Mortgage Bankers Association. So reports CNBC.com. Read more...

Mortgage Rates Just Hit a Fourth All-Time Low of 2020

Long-term mortgage rates have touched another record low, already their fourth this year. So reports MarketWatch. Read more...

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